That’s what I thought. Also - I thought you can’t authorize shares without filing something about Conversion by holders of optionable securities, or secondary offerings which are declared with amount and offer price. Not fully sure but can look into it.
Does the float match the O/S? If not, dilution can be happening. Most OTC companies will instruct the transfer company to no release the float, even upon request. The logic presented for no dilution isn't correct, IMO.
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